What is non-owner SR-22 insurance?

Non-owner insurance is a car insurance policy that provides bodily injury and property damage liability coverage for drivers who don’t own a car. Non-owner insurance is cheaper than a standard car insurance policy and can be purchased by anyone with a valid driver’s license who does not have regular access to a specific vehicle. Even living with someone who owns a car could jeopardize your eligibility for non-owner insurance.... read full answer

What Non-Owner Insurance Covers

• Injuries to other drivers in accidents that you cause.
• Property damage, excluding damage to the vehicle you’re driving.
• Accidents caused by uninsured/underinsured motorists.

You can use non-owner insurance coverage for many things, including borrowing a car, renting a car, using a car-sharing service, or reinstating your license after a serious traffic violation.

Typically, non-owner insurance costs between $200 and $500 per year—although this varies depending on your location and driving history. On the other hand, a standard owner policy will cost an average of $716 per year for minimum coverage.

To learn more, check out WalletHub’s guide to non-owner car insurance.

Yes, SR-22 insurance covers any car you drive, as long as you have an owner-operator SR-22 certificate. An owner-operator certificate, which is available in most states, is a type of SR-22 form that covers you when you drive any vehicle, regardless of who owns it.

There are two other SR-22 options that cover you in fewer situations. An owner certificate only covers cars that you own, and a non-owner certificate covers you when you’re required to file an SR-22 but you don’t own a car.... read full answer

Non-owner SR-22 insurance is the cheapest option since you’re less likely to file a claim, but it’s important to note that you’ll have to change your policy if you purchase a car later on. Your insurance company will help you decide which certificate is best for you before they file the SR-22 with the state on your behalf.